v3.25.4
Fair Value Measurements (Tables)
 12 Months Ended
Dec. 31, 2025
Fair Value Disclosures [Abstract]  
Schedule of Assets and Liabilities Measured on Recurring Basis
As of December 31, 2025, the following table summarizes the Company’s assets measured at fair value on a recurring basis by the fair value hierarchy (in thousands):

Fair Value MeasurementsNetting(1)Assets at Fair Value
Level 1Level 2Level 3
Assets
Commodity derivative contracts$— $3,130 $— $357 $2,773 
Total$— $3,130 $— $357 $2,773 
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(1)Represents the impact of netting assets and liabilities with counterparties where the right of offset exists.

As of December 31, 2024, the following table summarizes the Company’s assets measured at fair value on a recurring basis by the fair value hierarchy (in thousands):
Fair Value MeasurementsNetting(1)Assets at Fair Value
Level 1Level 2Level 3
Assets
Commodity derivative contracts$— $830 $— $630 $200 
$— $830 $— $630 $200 
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(1)Represents the impact of netting assets and liabilities with counterparties where the right of offset exists.